🌎🇨🇦Canada looking to boost Caribbean trade as summit in Ottawa continues
Prime Minister Justin Trudeau has welcomed a dozen leaders from across the Caribbean for a two-day summit.
Wednesday’s meetings touched on climate change, reforming financial institutions and securing Haiti from a gang crisis.
🔹Trudeau announced the creation of the Canada-CARICOM strategic partnership – a mechanism that promises to advance shared priorities like health, environment, trade, defence and finance.
🔹Canada also committed up to $58.5 million to the Caribbean Development Bank. According to a statement from Trudeau's office, the money would support renewable energy projects. The statement also says $6 million has been earmarked through the Caribbean Climate Smart Fund for renewable energy systems.
On Thursday, the prime minister is likely to hold one-on-one meetings with some of his counterparts in between talks. Trudeau is also expected to take questions from reporters this afternoon as the summit wraps up.
#Trudeau
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Prime Minister Justin Trudeau has welcomed a dozen leaders from across the Caribbean for a two-day summit.
Wednesday’s meetings touched on climate change, reforming financial institutions and securing Haiti from a gang crisis.
🔹Trudeau announced the creation of the Canada-CARICOM strategic partnership – a mechanism that promises to advance shared priorities like health, environment, trade, defence and finance.
🔹Canada also committed up to $58.5 million to the Caribbean Development Bank. According to a statement from Trudeau's office, the money would support renewable energy projects. The statement also says $6 million has been earmarked through the Caribbean Climate Smart Fund for renewable energy systems.
On Thursday, the prime minister is likely to hold one-on-one meetings with some of his counterparts in between talks. Trudeau is also expected to take questions from reporters this afternoon as the summit wraps up.
#Trudeau
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Ottawa has declined to overhaul its access to information system, for the second time
The Liberal government is not acting on the recommendations made by a group of opposition MPs that spent nine months examining the federal access to information system, the second time in less than a year that Ottawa has declined to overhaul its access regime.
In late June, the House of Commons committee on access to information, privacy and ethics published a 99-page report on Canada’s access law, and requested the government formally respond to its 38 recommendations.
That response was tabled on Tuesday and signed by Treasury Board President Anita Anand. In her letter, Ms. Anand declined to act on the committee’s recommendations.
“Overall, the Government shares many of the Committee’s views noted in its recommendations,” the letter signed by Ms. Anand reads. “Having said this, the Government’s current priority is to address the most pressing operational and administrative challenges facing the [access to information] regime.”
The government will review the federal access law in 2025, Ms. Anand said.
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The Liberal government is not acting on the recommendations made by a group of opposition MPs that spent nine months examining the federal access to information system, the second time in less than a year that Ottawa has declined to overhaul its access regime.
In late June, the House of Commons committee on access to information, privacy and ethics published a 99-page report on Canada’s access law, and requested the government formally respond to its 38 recommendations.
That response was tabled on Tuesday and signed by Treasury Board President Anita Anand. In her letter, Ms. Anand declined to act on the committee’s recommendations.
“Overall, the Government shares many of the Committee’s views noted in its recommendations,” the letter signed by Ms. Anand reads. “Having said this, the Government’s current priority is to address the most pressing operational and administrative challenges facing the [access to information] regime.”
The government will review the federal access law in 2025, Ms. Anand said.
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💰Trudeau says Alberta’s Canada Pension Plan exit would cause ‘undeniable’ harm
Prime Minister Justin Trudeau says he is “deeply concerned” over Alberta Premier Danielle Smith’s proposed plans to withdraw the province from the Canada Pension Plan (CPP).
In an open letter to the premier Wednesday, Trudeau said he has instructed his cabinet and officials to do “everything possible” to ensure the CPP remains intact, warning that an Alberta exit would cause “undeniable” harm.
Smith in September launched work on a provincewide consultation on whether to quit the Canada Pension Plan and instead create an Alberta Pension Plan, while releasing a report that estimated the province deserves more than half of the CPP’s assets.
The third-party report says Alberta should get $334 billion, or 53 per cent of the CPP, if it leaves the program in 2027 following the required three-year notification period.
#Alberta #Trudeau
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Prime Minister Justin Trudeau says he is “deeply concerned” over Alberta Premier Danielle Smith’s proposed plans to withdraw the province from the Canada Pension Plan (CPP).
In an open letter to the premier Wednesday, Trudeau said he has instructed his cabinet and officials to do “everything possible” to ensure the CPP remains intact, warning that an Alberta exit would cause “undeniable” harm.
Smith in September launched work on a provincewide consultation on whether to quit the Canada Pension Plan and instead create an Alberta Pension Plan, while releasing a report that estimated the province deserves more than half of the CPP’s assets.
The third-party report says Alberta should get $334 billion, or 53 per cent of the CPP, if it leaves the program in 2027 following the required three-year notification period.
#Alberta #Trudeau
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Ontario NDP to push Premier Doug Ford to release personal phone records
The Ontario NDP has prepared an Opposition day motion calling for the Ford government to stop fighting to keep work-related calls on his personal phone secret.
Motions require majority support to pass through the house but can be used by opposition parties to draw attention to priority issues.
In September, government lawyers admitted Ford was using his personal phone to conduct government business. Despite the admission, they continued to refuse to hand over information about who he was talking to through freedom of information laws.
Documents show Ford failed to make a single call on his official government phone over four separate months, including at the height of the COVID-19 pandemic.
#Ontario #Ford
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The Ontario NDP has prepared an Opposition day motion calling for the Ford government to stop fighting to keep work-related calls on his personal phone secret.
Motions require majority support to pass through the house but can be used by opposition parties to draw attention to priority issues.
In September, government lawyers admitted Ford was using his personal phone to conduct government business. Despite the admission, they continued to refuse to hand over information about who he was talking to through freedom of information laws.
Documents show Ford failed to make a single call on his official government phone over four separate months, including at the height of the COVID-19 pandemic.
#Ontario #Ford
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🇨🇦🇮🇱🇵🇸Most Canadians think lasting peace between Israel, Palestinians is not possible: poll
A majority of Canadians don't think lasting peace is possible between Israelis and Palestinians, a new poll suggests.
🔹Slightly more than half of the people responding to the Leger poll said lasting peace isn't possible, while less than one-fifth said a peaceful solution can be reached.
The number who said peace is not possible hit 62 per cent among the people who also claimed to have a good understanding of the ongoing conflict.
🔹The Leger poll found 40 per cent of people said they believed Canada's support to Israel is "about right", while 10 per cent said Canada isn't supportive enough to Israel, and 16 per cent said it is too supportive. More than a third, or 34 per cent, said they had no opinion on.
#Israel #Palestine
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A majority of Canadians don't think lasting peace is possible between Israelis and Palestinians, a new poll suggests.
🔹Slightly more than half of the people responding to the Leger poll said lasting peace isn't possible, while less than one-fifth said a peaceful solution can be reached.
The number who said peace is not possible hit 62 per cent among the people who also claimed to have a good understanding of the ongoing conflict.
🔹The Leger poll found 40 per cent of people said they believed Canada's support to Israel is "about right", while 10 per cent said Canada isn't supportive enough to Israel, and 16 per cent said it is too supportive. More than a third, or 34 per cent, said they had no opinion on.
#Israel #Palestine
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🇨🇦🇮🇳Canada pulls 41 diplomats amid immunity concerns
Canada has evacuated 41 diplomats and their 42 family members from India after Delhi made good on its threat to strip them of their diplomatic immunity, Foreign Affairs Minister Melanie Joly said Thursday.
"I can confirm that India has formally conveyed its plan to unilaterally remove diplomatic immunities for all but 21 Canadian diplomats and dependents in Delhi by tomorrow, Oct. 20," Joly said.
Joly said that in their "unreasonable" request for diplomatic parity, India would only allow 21 diplomats and their families to maintain their diplomatic status, putting the others at risk for having their protections stripped arbitrarily, leaving them vulnerable to reprisal or arrest.
Chiding India for acting "contrary to international law," and in violation of the Vienna Convention on Diplomatic Relations, Joly accused India of escalating the bilateral tensions, but Canada will not be reciprocating.
"Let me be clear, Canada will continue to defend international law, which applies to all nations and will continue to engage with India. Now more than ever, we need diplomats on the ground and we need to talk to one another," Joly said.
#India
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Canada has evacuated 41 diplomats and their 42 family members from India after Delhi made good on its threat to strip them of their diplomatic immunity, Foreign Affairs Minister Melanie Joly said Thursday.
"I can confirm that India has formally conveyed its plan to unilaterally remove diplomatic immunities for all but 21 Canadian diplomats and dependents in Delhi by tomorrow, Oct. 20," Joly said.
Joly said that in their "unreasonable" request for diplomatic parity, India would only allow 21 diplomats and their families to maintain their diplomatic status, putting the others at risk for having their protections stripped arbitrarily, leaving them vulnerable to reprisal or arrest.
Chiding India for acting "contrary to international law," and in violation of the Vienna Convention on Diplomatic Relations, Joly accused India of escalating the bilateral tensions, but Canada will not be reciprocating.
"Let me be clear, Canada will continue to defend international law, which applies to all nations and will continue to engage with India. Now more than ever, we need diplomats on the ground and we need to talk to one another," Joly said.
#India
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🪖Canada receives first set of new armoured vehicles made in London, Ont.
The first of Canada’s new armoured combat support vehicles for the Canadian Armed Forces has been delivered: a set of four ambulances, equipped for combat support.
It’s the first set of vehicles from Canada’s deal to procure 360 armoured combat support vehicles from London, Ont.-based General Dynamics Land Systems-Canada. The project was first announced in 2019, and the first delivery of vehicles was expected to occur in 2025.
The fleet of 360 armoured vehicles will include eight different types of vehicles in order to support different roles on a battlefield, such as “troop transport, command vehicles, electronic warfare, mobile repair, and various combat engineering tasks,” a press release stated.
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The first of Canada’s new armoured combat support vehicles for the Canadian Armed Forces has been delivered: a set of four ambulances, equipped for combat support.
It’s the first set of vehicles from Canada’s deal to procure 360 armoured combat support vehicles from London, Ont.-based General Dynamics Land Systems-Canada. The project was first announced in 2019, and the first delivery of vehicles was expected to occur in 2025.
The fleet of 360 armoured vehicles will include eight different types of vehicles in order to support different roles on a battlefield, such as “troop transport, command vehicles, electronic warfare, mobile repair, and various combat engineering tasks,” a press release stated.
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💉MAID might be extended to include people addicted to drugs
The country’s medical assistance in dying (MAID) program will be expanded next March to give access to people whose sole medical condition is mental illness, which can include substance use disorders. Before the changes take place, however, a special parliamentary committee on MAID will regroup to scrutinize the rollout of the new regulations.
The contentious idea of including people who are addicted to drugs is being discussed this week at a conference for the Canadian Society of Addiction Medicine in Victoria, British Columbia.
“I don't think it's fair, and the government doesn't think it's fair, to exclude people from eligibility because their medical disorder or their suffering is related to a mental illness,” said Dr. David Martell, physician lead for Addictions Medicine at Nova Scotia Health, who is presenting a framework for assessing people with substance use disorders for MAID at the conference.
As Canada prepares to legalize MAID for people with mental disorders, each province will have to develop its own protocol for how to assess people.
#MAID #BritishColumbia
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The country’s medical assistance in dying (MAID) program will be expanded next March to give access to people whose sole medical condition is mental illness, which can include substance use disorders. Before the changes take place, however, a special parliamentary committee on MAID will regroup to scrutinize the rollout of the new regulations.
The contentious idea of including people who are addicted to drugs is being discussed this week at a conference for the Canadian Society of Addiction Medicine in Victoria, British Columbia.
“I don't think it's fair, and the government doesn't think it's fair, to exclude people from eligibility because their medical disorder or their suffering is related to a mental illness,” said Dr. David Martell, physician lead for Addictions Medicine at Nova Scotia Health, who is presenting a framework for assessing people with substance use disorders for MAID at the conference.
As Canada prepares to legalize MAID for people with mental disorders, each province will have to develop its own protocol for how to assess people.
#MAID #BritishColumbia
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Poilievre says Liberal immigration target driven by Trudeau's 'ideology'
Canada’s immigration system is broken, Conservative Leader Pierre Poilievre charged Tuesday. Appearing before reporters on Parliament Hill, Poilievre criticized Prime Minister Justin Trudeau’s recent comments on housing and pledged to speed up entry for immigrants skilled in the building trades.
The federal government has set a target of welcoming 500,000 immigrants per year by 2025, although some worry about the pressure that could add to the country’s housing crisis, driven by what experts agree is a supply shortage.
Poilievre slammed the Liberal target as driven by Trudeau’s “ideology,” but he did not answer repeated questions about whether he would consider reducing the number.
He said a Conservative government would base its immigration policy on the needs of private-sector employers, the degree to which charities plan to support refugees and the desire for family reunification.
#Poilievre #Trudeau #housing
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Canada’s immigration system is broken, Conservative Leader Pierre Poilievre charged Tuesday. Appearing before reporters on Parliament Hill, Poilievre criticized Prime Minister Justin Trudeau’s recent comments on housing and pledged to speed up entry for immigrants skilled in the building trades.
The federal government has set a target of welcoming 500,000 immigrants per year by 2025, although some worry about the pressure that could add to the country’s housing crisis, driven by what experts agree is a supply shortage.
Poilievre slammed the Liberal target as driven by Trudeau’s “ideology,” but he did not answer repeated questions about whether he would consider reducing the number.
He said a Conservative government would base its immigration policy on the needs of private-sector employers, the degree to which charities plan to support refugees and the desire for family reunification.
#Poilievre #Trudeau #housing
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🇨🇦🇮🇳 India says Canada has done ‘continued interference’ in its affairs
India on Sunday said its relationship with Canada is passing through a difficult phase and there had been “continued interference” by Canadian personnel in New Delhi’s internal affairs.
“The relationship right now is going through a difficult phase. But I do want to say the problems we have are with a certain segment of Canadian politics and the policies which flow from that,” India’s foreign affairs minister S. Jaishankar said at an event.
Canada had to withdraw 41 of its diplomats from India on Thursday as New Delhi decided to unilaterally revoke their official diplomatic status.
Trudeau said on Friday the Indian government’s crackdown on Canadian diplomats was making normal life difficult for millions of people in both countries.
#India
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India on Sunday said its relationship with Canada is passing through a difficult phase and there had been “continued interference” by Canadian personnel in New Delhi’s internal affairs.
“The relationship right now is going through a difficult phase. But I do want to say the problems we have are with a certain segment of Canadian politics and the policies which flow from that,” India’s foreign affairs minister S. Jaishankar said at an event.
Canada had to withdraw 41 of its diplomats from India on Thursday as New Delhi decided to unilaterally revoke their official diplomatic status.
Trudeau said on Friday the Indian government’s crackdown on Canadian diplomats was making normal life difficult for millions of people in both countries.
#India
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CBSA says more than 29,000 foreign fugitives at large in Canada
The Canada Border Services Agency says more than 29,000 foreign fugitives are at large in the country.
In a report to MPs, management called the 29,248 “wanted inventory” and the lengthy list includes foreigners convicted of crimes. Another 10,041 foreigners banned from Canada were deported.
MPs demanded regular updates on the fugitive count following a 2021 audit that discovered the CBSA lost track of 2,800 foreign criminals in Canada.
The audit found at least 70% of criminal cases were not reviewed annually and lapsed year after year.
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The Canada Border Services Agency says more than 29,000 foreign fugitives are at large in the country.
In a report to MPs, management called the 29,248 “wanted inventory” and the lengthy list includes foreigners convicted of crimes. Another 10,041 foreigners banned from Canada were deported.
MPs demanded regular updates on the fugitive count following a 2021 audit that discovered the CBSA lost track of 2,800 foreign criminals in Canada.
The audit found at least 70% of criminal cases were not reviewed annually and lapsed year after year.
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🌾Feds announce $219 million in drought relief for farmers and ranchers across Sask and western Canada
The federal government has announced $219 million to support farmers and ranchers in western Canada, with Saskatchewan’s livestock producers standing to benefit the most.
Drought conditions have plagued areas of the province for several years, leading to numerous wildfires and grasshopper infestations. The federal ministry of agriculture said this “significant investment” will help producers in covering some of the extraordinary costs they’ve faced this year.
Saskatchewan is set to receive $77 million of the money allocated from the feds.
#Saskatchewan
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The federal government has announced $219 million to support farmers and ranchers in western Canada, with Saskatchewan’s livestock producers standing to benefit the most.
Drought conditions have plagued areas of the province for several years, leading to numerous wildfires and grasshopper infestations. The federal ministry of agriculture said this “significant investment” will help producers in covering some of the extraordinary costs they’ve faced this year.
Saskatchewan is set to receive $77 million of the money allocated from the feds.
#Saskatchewan
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🏦Bank of Canada holds interest rate steady at 5%
The Bank of Canada has decided to keep its benchmark interest rate steady at five per cent, the second straight time the central bank has done so and a sign it may be moving to the sidelines after raising the cost of borrowing 10 times since last year.
The move was widely expected by economists and investors.
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The Bank of Canada has decided to keep its benchmark interest rate steady at five per cent, the second straight time the central bank has done so and a sign it may be moving to the sidelines after raising the cost of borrowing 10 times since last year.
The move was widely expected by economists and investors.
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Freeland says feds will strike 'challenging' balance in fall budget update
Finance Minister Chrystia Freeland said Tuesday the government's fall economic statement will focus on housing and affordability within a fiscally responsible framework.
"That is a challenging balance to strike. Our government is committed to doing it," she said.
The federal government's financial statements were published Tuesday, revealing the deficit for the 2022-23 fiscal year came in at $35.3 billion. That's $7.7 billion lower than projected in the spring budget.
#Freeland
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Finance Minister Chrystia Freeland said Tuesday the government's fall economic statement will focus on housing and affordability within a fiscally responsible framework.
"That is a challenging balance to strike. Our government is committed to doing it," she said.
The federal government's financial statements were published Tuesday, revealing the deficit for the 2022-23 fiscal year came in at $35.3 billion. That's $7.7 billion lower than projected in the spring budget.
#Freeland
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🩺 One in four Ontarians may be without a family doctor by 2026, analysis says
More than 4.4 million Ontarians could be without a primary-care physician by 2026, according to a new analysis that predicts a substantial increase in orphaned patients as older doctors retire and younger ones turn away from traditional family practice.
New figures released Wednesday by the Ontario College of Family Physicians show an estimated 26 per cent of residents in Canada’s most populous province may not have a regular primary-care provider three years from now, up from an estimated 18 per cent at the end of this year.
The national statistical agency’s most recent data from 2021 suggest that 14.4 per cent of Canadians don’t have a regular health care provider.
The OCFP analysis also takes into account the anticipated growth in Ontario’s population – driven mostly by immigration – and the number of new family doctors this year and each of the next three years, but assumes they will be less likely to practise comprehensive, cradle-to-grave family medicine than their predecessors.
#Ontario #healthcare
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More than 4.4 million Ontarians could be without a primary-care physician by 2026, according to a new analysis that predicts a substantial increase in orphaned patients as older doctors retire and younger ones turn away from traditional family practice.
New figures released Wednesday by the Ontario College of Family Physicians show an estimated 26 per cent of residents in Canada’s most populous province may not have a regular primary-care provider three years from now, up from an estimated 18 per cent at the end of this year.
The national statistical agency’s most recent data from 2021 suggest that 14.4 per cent of Canadians don’t have a regular health care provider.
The OCFP analysis also takes into account the anticipated growth in Ontario’s population – driven mostly by immigration – and the number of new family doctors this year and each of the next three years, but assumes they will be less likely to practise comprehensive, cradle-to-grave family medicine than their predecessors.
#Ontario #healthcare
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Commons report on foreign interference calls for registry of agents
A new Commons committee report on foreign interference calls on Canada to establish a foreign influence registry "as soon as possible" and to create new criminal offences to cover all interference operations.
The report, released Tuesday by the House of Commons privacy committee, makes 22 recommendations meant to improve Canada's response to foreign interference activities and enhance national security transparency.
Recommendation 18 calls on the federal government to quickly create a registry of foreign agents in Canada. The bill might be tabled this year.
Under a foreign agent registry, people who act on behalf of a foreign state to advance its goals would have to disclose their ties to the government employing them.
🍁 Maple Chronicles
A new Commons committee report on foreign interference calls on Canada to establish a foreign influence registry "as soon as possible" and to create new criminal offences to cover all interference operations.
The report, released Tuesday by the House of Commons privacy committee, makes 22 recommendations meant to improve Canada's response to foreign interference activities and enhance national security transparency.
Recommendation 18 calls on the federal government to quickly create a registry of foreign agents in Canada. The bill might be tabled this year.
Under a foreign agent registry, people who act on behalf of a foreign state to advance its goals would have to disclose their ties to the government employing them.
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💉MPs defeat Pierre Poilievre-backed anti-vaccine mandate bill
MPs overwhelmingly voted to kill a bill Wednesday pushed by Conservative Leader Pierre Poilievre that would have banned Ottawa from again imposing COVID-19 vaccine mandates on federal workers and the travelling public.
By a vote of 114-205, MPs agreed to drop the private member's bill, C-278, that Poilievre first introduced last year when he was running for the party's leadership.
Speaking in the House of Commons during Tuesday's debate, Poilievre said Trudeau "maliciously divided" and attacked Canadians who shunned the COVID-19 vaccine by imposing an "unreasonable" policy that forced some people to get the shot or face consequences like job losses or additional hurdles at the border.
#Poilievre #Trudeau
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MPs overwhelmingly voted to kill a bill Wednesday pushed by Conservative Leader Pierre Poilievre that would have banned Ottawa from again imposing COVID-19 vaccine mandates on federal workers and the travelling public.
By a vote of 114-205, MPs agreed to drop the private member's bill, C-278, that Poilievre first introduced last year when he was running for the party's leadership.
Speaking in the House of Commons during Tuesday's debate, Poilievre said Trudeau "maliciously divided" and attacked Canadians who shunned the COVID-19 vaccine by imposing an "unreasonable" policy that forced some people to get the shot or face consequences like job losses or additional hurdles at the border.
#Poilievre #Trudeau
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🔌🌱Danielle Smith says she is not going to engage in "fantasy thinking" when it comes to green energy because she wants to ensure Alberta has a reliable energy grid.
#Alberta #energy
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#Alberta #energy
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The cost to protect the prime minister has shot up to more than $30 million a year
The cost of RCMP protection for Canada's prime ministers has been rising over the past two decades and experts expect it to get even more expensive in the future.
It cost more than $30 million annually in each of the last two fiscal years to protect Prime Minister Justin Trudeau and his family. In 2003/04, it cost only $10.4 million to protect Prime Minister Jean Chrétien and his successor Paul Martin.
According to the Bank of Canada's inflation calculator, $10.4 million in 2003 would now be worth $15.9 million.
The cost of protecting the prime minister dipped sharply in 2020/21 as the COVID-19 pandemic brought the world to a standstill. It then shot up to $30.9 million in 2021/22 from $23.3 million in 2019/20 – an increase of 32.3 per cent in two years.
The rise in costs was the result of an increase in the prime minister's movements after the pandemic, coupled with a pay increase for RCMP officers.
#Trudeau
🍁 Maple Chronicles
The cost of RCMP protection for Canada's prime ministers has been rising over the past two decades and experts expect it to get even more expensive in the future.
It cost more than $30 million annually in each of the last two fiscal years to protect Prime Minister Justin Trudeau and his family. In 2003/04, it cost only $10.4 million to protect Prime Minister Jean Chrétien and his successor Paul Martin.
According to the Bank of Canada's inflation calculator, $10.4 million in 2003 would now be worth $15.9 million.
The cost of protecting the prime minister dipped sharply in 2020/21 as the COVID-19 pandemic brought the world to a standstill. It then shot up to $30.9 million in 2021/22 from $23.3 million in 2019/20 – an increase of 32.3 per cent in two years.
The rise in costs was the result of an increase in the prime minister's movements after the pandemic, coupled with a pay increase for RCMP officers.
#Trudeau
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🏘 Average home price 141% higher than median-earning family can afford: report
The average home price in Canada is 141 per cent higher than what a Canadian household making the median income can afford, according to new data.
The report published Thursday looked at data on home prices and median earnings for Canadian households.
It found that a Canadian family earning the median household income of $79,876 can reasonably afford a $315,000 home, with a maximum insured mortgage of $299,500.
However, the average home price in Canada is currently $757,600, the report noted – considerably pricier than what the average household can afford.
Prices are even higher in Canada’s most expensive housing markets, with average home values topping $1 million in Toronto and Vancouver.
The report added that mortgage insurers won’t insure a home over $1 million, meaning interest rates are increased and a bigger down payment is required.
#housing
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The average home price in Canada is 141 per cent higher than what a Canadian household making the median income can afford, according to new data.
The report published Thursday looked at data on home prices and median earnings for Canadian households.
It found that a Canadian family earning the median household income of $79,876 can reasonably afford a $315,000 home, with a maximum insured mortgage of $299,500.
However, the average home price in Canada is currently $757,600, the report noted – considerably pricier than what the average household can afford.
Prices are even higher in Canada’s most expensive housing markets, with average home values topping $1 million in Toronto and Vancouver.
The report added that mortgage insurers won’t insure a home over $1 million, meaning interest rates are increased and a bigger down payment is required.
#housing
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Ottawa exempting home heating oil from carbon tax for 3 years, Trudeau says
The government will exempt home heating oil from the tax for three years, double the rural supplement in the rebate program and offer new programs Trudeau said will help rural Canadians switch to electric heat pumps.
"This is an important moment where we're adjusting policies so that they have the right outcome. We are doubling down on our fight against climate change and keeping true to the principles that we're supporting Canadians while we fight climate change," Trudeau told a press conference.
While the exemption applies nationwide, Trudeau said the policy will help Atlantic Canada in particular. Thirty per cent of homeowners in the region still use furnace oil to heat their homes.
#energy #Trudeau
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The government will exempt home heating oil from the tax for three years, double the rural supplement in the rebate program and offer new programs Trudeau said will help rural Canadians switch to electric heat pumps.
"This is an important moment where we're adjusting policies so that they have the right outcome. We are doubling down on our fight against climate change and keeping true to the principles that we're supporting Canadians while we fight climate change," Trudeau told a press conference.
While the exemption applies nationwide, Trudeau said the policy will help Atlantic Canada in particular. Thirty per cent of homeowners in the region still use furnace oil to heat their homes.
#energy #Trudeau
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